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This dashboard compares the daily number of unique users of Solana, Ethereum and Terra blockchain.
Introduction
The daily number of unique users represents the adoption of users and its trend overtime shows blockchain's success or fail in attracting new users.
This dashboard compares the daily number of unique users of Solana, Ethereum and Terra blockchain.
We measure unique users of a day by summing up all wallets that sent at least one transaction in that day.
Regression analysis
To test statistically the conclusions drawn from the visualizations simple linear regression was used. The hypothesis is that the daily number of unique users are significantly growing.
Solana blockchain
>The overall regression was statistically significant (R2 = .24, F(1, 38) = 11.67, p < .002).
Terra blockchain
>The overall regression was statistically significant (R2 = .51, F(1, 38) = 39.03, p < .000).
Ethereum blockchain
>The overall regression was statistically significant (R2 = .14, F(1, 38) = 6.34, p < .016).
The graph below shows the cumulative sum of daily users of the three blockchains.
The graph shows in overall growing trend for total users.
Note that, his graph can be misleading as we can imagine that there is an overlap between the blockchain in terms of users.
The graph below shows the change in dominance over time.
As can be seen the visualization does not show significant trend in terms of dominance. Ethereum is preserving its dominance in terms of user adoption among L1.
Conclusion
The visualization of daily unique users of the three blockchain over time does not show any downtrend and also clear difference over time.
However statistical analyses revealed that:
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The growth of daily unique users in all three blockchain is growing. However, the effect of days is more significant on Terra blockchain rather Solana and Ethereum.
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We can predict that Terra unique users will grow over time. And dominance will be changed in favor of Terra and in a smaller scale of Solana.